Apple iPhone 7 Pre-Orders Are Very Strong, Trip Chowdhry Says

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Trip Chowdhry of Global Equities Research commented in a research report that
Apple Inc.AAPL
is seeing a "very strong" start in its iPhone 7 pre-orders. Chowdhry quickly pointed out that
T-Mobile US IncTMUS
's CEO John Legere gave a 9 minute
Periscope discussion
which in itself serves as "the first indication" that iPhone 7 pre-orders are off to a "very strong" start. Specifically, the iPhone 7 launch is expected to be 4 times bigger for T-Mobile compared to the iPhone 6 launch. Chowdhry further suggested that T-Mobile's third quarter business is expected to be "very strong" because of the iPhone 7. Taking that logic one step further, the analyst stated that strength in T-Mobile's iPhone 7 preorders "can be extrapolated to all the carriers worldwide." Chowdhry expanded that the iPhone 7's "fused experience" is the "one and only reason" that iPhone 7 sales will prove to be "massively successful" and will have a "massive upgrade cycle." Specifically, iPhone 6, 5s, 5 and prior iPhone users are likely to upgrade and many users will switch from Android devices or from feature phones to the new iPhone. In addition, sales in new geographies, including India and Nigeria, will also prove to be succesful. Chowdhry
previously discussed
how senior citizens are now upgraded their devices to iPhone and expects this trend to continue with the iPhone 7.
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Posted In: Analyst ColorAnalyst RatingsGlobal Equities ResearchiPhone 7 PreordersiPhone 7 SalesJohn LegereTrip Chowdhry
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